Answer:
Account 1 yields greater return.
Step-by-step explanation:
Lets solve for the first formula:
First, change 6.5% into a decimal:
6.5% -> -> 0.065
Now, plug in the values for Account 1:
<u>Now solve for Account 2:</u>
Change 6% into a decimal:
6% -> -> 0.06
Now plug in the values:
Account 1 yields better money after 10 years.
